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Geoffrey Kendrick, head of global digital asset research at Standard Chartered, said in a recent note that bitcoin has been down for five consecutive weekends, but that trend is expected to shift this weekend. A slight rally this weekend could trigger ETF inflows on Monday, pushing the price back to $100,000 and then to $102,500. In recent weekends, New York...
On January 27th, Geoffrey Kendrick, head of foreign exchange and digital asset research at Standard Chartered, released the latest market analysis, pointing out that the correlation between bitcoin and the Nasdaq index is significantly higher than that with gold. AI startup DeepSeek released a low-cost R1 model comparable to OpenAI, causing the Nasdaq futures to fall by 3.3%, triggering a large-scale liquidation in the cryptocurrency market....
Geoff Kendrick, global head of digital asset research at Standard Chartered, said inflows from institutional investors could drive up the price of bitcoin and ethereum, which are expected to reach $200,000 and $10,000, respectively, by the end of 2025. He expects institutional inflows into bitcoin in 2025 to exceed 2024 levels, with new money likely to come from long-term investment funds such as pension funds. At the same time, he pointed out that institutional inflows could dampen the strength...
Standard Chartered-backed Zodia Custody has partnered with Kiln to expand staking services, and its customers can now access and receive ETH, SOL, DOT, ADA, and BNB staking services.
Geoff Kendrick, global head of digital asset research at Standard Chartered, said that Bitcoin's breakout of $100,000 is mainly due to the institutionalization of the industry this year, particularly the continued inflow of ETF funds, which have purchased about 3% of the total bitcoin supply in 2024.
Geoff Kendrick, global head of digital asset research at Standard Chartered, said in a report that the flow of funds in bitcoin this year has been dominated by institutional investors, and this situation should continue. After breaking through $100,000, bitcoin could reach $200,000 by the end of 2025. So far this year, institutions have bought 683,000 bitcoins through US spot ETFs, and MicroStrategy has purchased 245,000 bitcoins, a large part of which has been purchased after the US Presidentia...
According to Geoff Kendrick, head of digital asset research at Standard Chartered, and Nick Philpott, co-founder of Zodia Markets, stablecoin applications are expanding from transaction collateral to cross-border transfers, payroll, trade settlements, and remittances, especially in emerging markets such as Brazil, Turkey, Nigeria, India, and Indonesia. According to a YouGov survey, 69% of users use stablecoins for currency substitution, 39% for payment of goods and services, and another 39% for ...
Geoff Kendrick, global head of digital asset research at Standard Chartered, attributes the recent market turmoil, including the fall in bitcoin and the rise in long-term US Treasuries, to a decline in the term premium on US Treasuries. The term premium is the additional yield required by investors to hold long-term bonds rather than roll over short-term bonds. Since bitcoin is often seen as a hedge against the instability of traditional financial marekts, increased confidence in US Treasuries c...
Geoff Kendrick, global head of digital asset research at Standard Chartered, believes that many of Trump's pro-cryptocurrency pledges will drive bitcoin higher, and he expects Trump to override Biden's veto of SAB121, a controversial Securities Exchange Commission (SEC) accounting guideline that critics say has prevented investment banks from offering cryptocurrency custody services on a large scale. Geoff Kendrick believes Trump will achieve this goal soon after taking office on January 20 next...
On November 6th, according to DL News, Geoff Kendrick, global head of digital asset research at Standard Chartered, said at a briefing on Wednesday that after Trump's election victory, the price of bitcoin will reach $125,000 by the end of this year and $200,000 by the end of 2025. This prediction is shared with research and brokerage firm Bernstein...
Geoff Kendrick, global head of digital asset research at Standard Chartered, said bitcoin prices could see a correction ahead of the US Presidential Election on November 5, with volatility expected to intensify in the coming days. The chances of bitcoin breaking all-time highs above $73,700 before the US election are decreasing as traders choose to position squaring profits ahead of the election. Geoff Kendrick added that if the Republican Party (Trump) wins the US Congress, bitcoin prices will ...
Geoff Kendrick, global head of digital asset research at Standard Chartered, said that since the Federal Reserve cut the federal funds rate last week, long-term borrowing costs have been relatively higher for U.S. Treasuries than short-term borrowing, which generally indicates optimism about future economic growth and helps create a favorable environment for investments, including bitcoin. Geoff Kendrick also pointed out that the situation in the derivatives market also supports his belief in...
Geoff Kendrick, global head of digital asset research at Standard Chartered, believes that bitcoin could reach $200,000 by the end of 2025, regardless of who wins the 2024 US Presidential Election. In addition, Geoff Kendrick also predicted that a leadership change at the Securities Exchange Commission (SEC) could be imminent and could see more ETFs launched, with the Solana ETF being the most likely to launch.
Geoff Kendrick, head of FX and digital asset research at Standard Chartered, said in a new analysis that regardless of the outcome of the US Presidential Election, bitcoin prices are on track to hit new all-time highs by the end of 2024. Kendrick predicted that if Trump wins, bitcoin could reach $125,000; if Harris is elected, the price could reach $75,000. Kendrick stressed that, compared to market expectations, the US election was relatively...
Jeffrey Kendrick, head of FX and digital asset research at Standard Chartered, said: "Bitcoin prices are likely to hit new highs in August and top $100,000 by election day." Mr. Kendrick's forecast hinges on whether Joe Biden remains in the US presidential race - a scenario seen by markets as conducive to a Trump victory. Standard Chartered analysts see Mr. Trump as "positive on bitcoin", noting that the former president's chances of being elected are positively correlated with bitcoin prices. "...
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